Police in Germany say a 20-year-old student has confessed to leaking personal details – including private mobile phone numbers, children’s pictures and chat discussions – stolen from 1,000 German politicians, celebrities and journalists, including Chancellor Angela Merkel

But any senior executives breathing easier or planning to slash their cybersecurity budget – because they see this case as a sign that all hackers wear hoodies and live in their parents’ basement, committing relatively minor infractions by gaming people’s bad password choices – need to think again.

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